What is the most difficult thing for Chinese people living around the world?
Cultural differences are difficult to overcome, language barriers difficult to cross, diet and rest difficult to adapt …
Everyone may be faced with different difficulties, but the following must be the difficulty everyone has encountered, that is: transfer assets abroad!
You say living abroad is a lot of money, not to mention buying a house and a car.
How to transfer domestic assets to overseas has become a "century problem" for immigrant friends who originally had their roots in the country.
1. The "tragic" foreign exchange experience of the rich woman
Ms. Lu, a member of China`s "immigrant army", faces the same problem: how can I remit money from home?
We know, according to safe regulation, individual foreign exchange quota is 50, 000 US dollars a year.
The $50, 000 limit is too small for Ms. Lu, a multimillion-dollar woman, to remit, and may take more than a lifetime.
Let`s start with Ms. Lu.
A few years ago, Ms. Lew, a well-mannered family, emigrated to Singapore to acquire Singapore`s PR (permanent resident); emigrated abroad, spending so much on all kinds of expenses that the money she had prepared for the first time was running out of money.
As a result, Ms. Lu began to find ways to remit domestic money for use in Singapore.
There is no shortage of money, and the idea is beautiful, but the reality is cruel.
Foreign exchange bureau strict foreign exchange policy, let Ms. Lu worry very much: the pain that has money but cannot spend, do you understand?
Ms. Lu initially tried to find a way to transfer $3 million (about 20.23 million yuan) to her private wealth account at BNP Paribas (BNP Paribas) in Singapore, where she found a bank with which she opened an account in an attempt to transfer $3 million, or about $20.23 million, to her personal wealth account at BNP Paribas in Singapore.
But the bank teller told her: it`s too big, we really can`t do it.
But under the helplessness, Ms. Lu decided to "sword go biased front"!
After being introduced, she met a Mr. Lin, known as the Swiss private bank EFG staff, there is a "door" to help Ms. Lu to get the money out.
Not surprisingly, the first "deal" went well, and Lin, through Indonesian remittance company PT Niaga Lestari, succeeded in helping Ms. Lu transfer the first $3 million to Credit Suisse`s (Credit Suisse) bank.
Ms. Lu was overjoyed and trusted Lin even more.
One and two, the rich Ms. Lu soon contacted Lin, asked him to "help once again", the amount is still $3 million.
But this time it is not as smooth as the last time, Lin said that the last way to get through, have to find another way, let her first spread the money to four Lin provided by the bank accounts.
Without doubt, Ms. Lu immediately remitted a total of 4.22 million New Zealand dollars (21.06 million yuan) to the four people she did not know at all.
However, waiting for the money to reach the account, Ms. Lu, has not been waiting for the money …
By this time, Ms. Lu just knew that she was deceived, 21 million yuan and so fly away!
Even now, when Ms. Lu sued Mr. Lin and several people involved in the court, Ms. Lu, who was the first to do so, has not been able to recover the huge amount of money she has lost.
It can be described as "losing your husband and losing your troops"!
2. Chinese foreign exchange, in fact, it`s not that difficult.
Ms. Lu`s plight must also be troubling many Chinese, but in fact, she doesn`t have to take the "grey path" at such a risk. She may not only be deceived, but she may also face sanctions from the law.
Safe to illegal foreign remittances how strict, presumably do not need to elaborate more, then overseas Chinese how legal foreign exchange?
After Ms. Lu`s incident was revealed, a Singapore banking manager who opened a branch in mainland, China, said: in fact, Ms. Lu does not have to take an illegal route at all because she is not restricted at all by "individual cross-border remittances of US $50, 000 a year." Large dollar assets can be transferred at one time!
Of course, this is not unconditional.
First, you have to get permanent residency overseas. For example, Ms. Lo has acquired Singapore`s PR, and if you`re in Australia, you need Australia`s PR, to take this legal route to remit money abroad.
Secondly, since it is legal, it must provide a variety of information, after rigorous examination and approval, so its application process and approval process will be relatively complex.
But if you were to choose between "cumbersome but legal" and "fast but illegal", I think everyone would choose the former.
What the bank manager said was not a word, but a rule of law and a reason to follow.
(photo source: safe)
According to the interim measures for the Administration of Foreign Exchange transfer and payment of personal property issued by safe, it is clear that:
There is a legal way to transfer immigrant property!
There are two categories of external transfers of personal property within the meaning of the Provisional measures:
- One is the transfer of inheritance,
- Another category is the transfer of immigrant property.
Immigration property transfer: the act of a natural person who emigrates from the mainland of China, or emigrates to Hong Kong or Macao Special Administrative region, to realize, purchase foreign exchange or remit legal property owned by him in the territory before he acquires immigration status.
For friends living in Australia, congratulations if you`ve got the Australian PR,!
You have qualified to apply for the transfer of immigration property!
No longer have to worry about how to send money out of the country!
So here`s the question: how can I apply for an Australian PR,? Where to apply? What are the conditions that need to be met?
(1) the transferred property must be lawful: the property to which the applicant applies for external transfer shall be his or her own lawful property and shall not dispute any interests with others.
(2) to go to the place of domicile: the applicant must apply to the branch office of foreign exchange administration of the place where the immigration is registered, and the foreign exchange administration department (hereinafter referred to as the local foreign exchange bureau) to apply for the transfer of immigrants; The central branch of the State Administration of Foreign Exchange where the applicant is located may also accept the application materials on behalf of the applicant.
(3) No cash shall be drawn in the territory: after the designated foreign exchange bank deals with the sale of foreign exchange, the foreign exchange shall be remitted directly to the account of the applicant in the country or territory in which the immigrant or heir resides, and no foreign currency banknote shall be drawn in the territory.
(4) the materials provided must be true: if the applicant illegally acquires foreign exchange or deceives foreign exchange to transfer property to the outside world by providing false material, repeatedly making an application for the same property or other means, Safe shall be punished in accordance with Article 40 of the regulations on Foreign Exchange Administration.
It is also important to pay particular attention to the following:
Before applying for immigration transfer, you have to figure out how much money you are going to remit. If you want to remit more money, safe will not talk to you again.
Because according to the provisions of the interim measures: immigration transfer must apply for one-time transfer of the total amount of property to be transferred out of the country, step-by-step remittance.
And there are rules on how much each transfer:
The amount of the first remittance may not exceed half of the total amount of the property to be transferred; not more than half of the remaining property may be remitted one year after the first remittance; and two years after the first remittance, all the remaining property may be remitted. All applications for transfer of property below the equivalent of two hundred thousand yuan (including two hundred thousand yuan) may be remitted once and for all.
Although a lot of requirements, but safe also has a humanized side.
Take a friend in Australia for example. If you have already obtained the right of permanent residence in Australia, but after reading the Australian WeChat, do you need to buy a ticket and apply for a ticket back to your place of residence in such a way as to transfer assets in this way?.
The answer is: no!
[C601C263-DF68-226F-8B51-9248A679D136]
Of course, whoever does it,
Are required to have the following materials in place:
(1) written application. The contents include: the reason of applying for immigration transfer; the source of property income and the detailed description of the realization of property, etc.
(2) the case sheet of the applicant for the external transfer of Immigration property signed by the applicant himself.
(3) the Application form for Foreign Exchange transfer of personal property signed by the applicant or his agent.
(4) the applicant`s identity document.
- If emigrating to a foreign country, the applicant shall provide the certificate of cancellation of the Chinese household registration issued by the public security organ and the certificate of residence of the applicant issued or certified by the Chinese embassy or consulate abroad.
- Whoever goes to settle in the Hong Kong Special Administrative region or the Macao Special Administrative region shall submit a certificate of cancellation of residence registration in the mainland issued by the public security organ, Hong Kong Special Administrative region or Macao Special Administrative region identity card and return permit or SAR passport.
(5) evidence of the applicant`s property rights. Such as house title certificate copies of, real estate purchase and purchase agreement or relocation compensation settlement agreement and other supporting documents.
(6) tax certificates or tax payment certificates issued by the tax authorities in charge of the location or source of income for the transfer of property.
(7) other information requested by safe.
Attached:
(1) if the applicant proceeds with the transfer of funds after the second (including the second) period, the applicant shall submit a letter of approval to the applicant issued by the local safe, The application for the purchase of foreign exchange issued by the foreign exchange bureau of the location of the applicant (hereinafter referred to as the "approval piece") shall apply to the foreign exchange bureau of the original place of approval for the purchase of foreign exchange and the remittance approval of the foreign exchange business approved by the foreign exchange bureau of the place where the application was made.
(2) the principal-agent agreement and the identity certificate of the agent shall also be provided in the case of entrustment to another person. Principal-agent agreement, relevant property rights proof, without notarization, shall be notarized. As long as these materials are ready to ensure the legality of the property and the authenticity of the material, it is no longer difficult to legally transfer money to Australia!
In the end, not everything in the world takes shortcuts. The right path may have some twists and turns, but it must end well; shortcuts may look tempting, but they may hide unknown risks.
Foreign exchange is the same truth, I hope we do not repeat Miss Lu`s mistakes, because perhaps you think the difficulties, in fact, there is a fair and fair solution!
